,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #eig  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bh1 #bjae    
,mr4 ,f9*] 7= himself1 ,mr4 ,wilson (   
,s\? ,c>ol9a1 ,mr4 ,ad]holt1 ,mr4       
,hunt]1 ,mr4 ,/iv]s1 ,mr4 ,coll9s ( ,new
 ,york1 ,mr4 ,rodney ,davis ( ,ill9ois1 
,mr4 ,dold1 ,mr4 ,cole1 ,mr4 ,hultgr51  
,mr4 ,lucas1 ,mr4 ,pitts1 ,mr4 ,re$1    
,mrs4 ,wagn]1 ,mr4 ,bo/1 ,mr4 ,h>p]1    
,mr4 ,k+ ( ,new ,york1 ,mr4 ,ne:\se1    
,mr4 ,tib]i1 ,mr4 ,gibbs1 ,mr4 ,cr5%aw1 
,mr4 ,long1 ,mr4 ,rog]s ( ,alabama1 ,mr4
 ,amodei1 ,mrs4 ,walorski1 ,mr4 ,graves 
( ,miss\ri1 ,mr4 ,b\/any1 ,mr4 ,joyce1  
,mr4 ,rice ( ,s\? ,c>ol9a1 ,mr4 ,mica1  
,mr4 ,buc%on1 ,mr4 ,meehan1 ,mr4        
,co/ello ( ,p5nsylvania1 ,mr4 ,?ompson (
 ,p5nsylvania1 ,mr4 ,turn]1 ,mr4        
,gibson1 ,mr4 ,hanna1 ,mr4 ,kelly (     
,p5nsylvania1 ,mr4 ,mac,arthur1 ,mr4    
,%imkus1 ,mr4 ,b>letta1 ,mr4 ,cram]1    
,mr4 ,%u/]1 ,mr4 ,rei*]t1 ,mr4          
,lo,biondo1 ,mr4 ,k9z+] ( ,ill9ois1 ,mr4
 ,johnson ( ,ohio1 ,mr4 ,m>9o1 ,mr4     

,mull91 ,ms4 ,/efanik1 ,mr4 ,katko1 ,mr4
 ,craw=d1 ,mr4 ,jolly1 ,mr4 ,calv]t1    
,mrs4 ,com/ock1 ,mr4 ,s*ock1 ,mrs4      
,h>tzl]1 & ,mr4 ,valadao7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to reau?orize ! ,export-,import
 ,bank ( ! ,unit$ ,/ates1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,re=m ,exports & ,exp& !   
,am]ican ,economy ,act4  #b4 ,table (   
cont5ts ,! table ( cont5ts ( ?is ,act is
 z foll[s3  ,sec4 #a4 ,%ort title4 ,sec4
 #b4 ,table ( cont5ts4 ,title           
,i--,improv+ ,transp>5cy ( !            
,export-,import ,bank ( ! ,unit$ ,/ates 
,sec4 #aja4 ,mak+ ! ,(fice ( ,e?ics     
/atutory4 ,sec4 #ajb4 ,review ( fraud   
controls4 ,sec4 #ajc4 ,review ( ,bank   
product pric+ & cr$it /&>ds to avoid    
cr[d+ out ( private export f9ance4 ,sec4
 #ajd4 ,prohibit$ c\ntries4 ,sec4 #aje4 
,indep5d5t audit by ! ,comptroll]       
,g5]al4 ,sec4 #ajf4 ,employee           
c]tification & f9ancial disclosure4     

,sec4 #ajg4 ,/udy ( f9anc+ = in=mation &
 communications te*nology sy/ems4 ,sec4 
#ajh4 ,electronic paym5ts & docum5ts4   
,sec4 #aji4 ,p>allel ,,gaap report+4    
,sec4 #aaj4 ,mak+ ! ,bank ! l5d] ( la/  
resort = loans1 attempt+ private f9anc+ 
fir/4 ,sec4 #aaa4 ,audit committee4     
,sec4 #aab4 ,report on privatiz+ !      
,bank4 ,sec4 #aac4 ,indep5d5t audit (   
bank portfolio4 ,title ,,ii--,improv+ ! 
,acc\ntability ( ! ,export-,import ,bank
 ( ! ,unit$ ,/ates ,sec4 #bja4 ,e>n+s   
ret5tion4 ,sec4 #bjb4 ,(fice ( !        
,presid5t & t]m limits4 ,sec4 #bjc4     
,repaym5t z priority4 ,sec4 #bjd4       
,negotiations to end export cr$it       
f9anc+4 ,sec4 #bje4 ,limitations on     
out/&+ loans1 gu>antees1 & insurance4   
,sec4 #bjf4 ,cr$it risk4 ,sec4 #bjg4    
,*ief ,risk ,(fic]4 ,sec4 #bjh4         
,p>ticipation & risk-%>+ by private     
sector l5d]s & export]s4 ,sec4 #bji4    
,reau?orization ( in=mation te*nology   
updat+4 ,title ,,iii--,job ,gr[? ,sec4  
#cja4 ,ext5sion ( au?ority4 ,sec4 #cjb4 

,dual use exports4 ,sec4 #cjc4 ,small   
bus9ess & m$ium-siz$ ent]prises reports4
 ,sec4 #cjd4 ,m$ium-siz$ ent]prises4    
,sec4 #cje4 ,ext5sion ( susp5sion (     
supplem5tal guidel9es = high c>bon      
int5sity projects4 ,sec4 #cjf4 ,updat$  
def9ition ( loan t]ms4 ,sec4 #cjg4      
,updat$ loan am\nts4 ,sec4 #cjh4 ,updat$
 environm5tal effects consid]ation4     
,sec4 #cji4 ,updat$ export am\nts4 ,sec4
 #caj4 ,inflation adju/m5t4  ,i ,improv+
 ,transp>5cy ( ! ,export-,import ,bank (
 ! ,unit$ ,/ates  #aja4 ,mak+ ! ,(fice (
 ,e?ics /atutory ,section #c ( !        
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce;a7 is am5d$ by add+ at ! 
end ! foll[+3  7k7 ,(fice ( ,e?ics  7#a7
 ,e/abli%m5t ,!re is h]eby e/abli%$ an  
,(fice ( ,e?ics )9 ! ,bank1 :i* %all    
ov]see all e?ics issues )9 ! ,bank4     
7#b7 ,head ( (fice ,! head ( ! ,(fice ( 
,e?ics %all be ! ,*ief ,e?ics ,(fic]1 :o
 %all be appo9t$ by ! ,bo>d ( ,directors
 ( ! ,bank1 )9 #ahj days aft] ! date ( !
 enactm5t ( ?is p>agraph1 f among p]sons

 ) a backgr\nd 9 law :o h exp]i5ce 9 !  
fields ( law & e?ics1 includ+ !         
individual s]v+ z a designat$ ag5cy     
e?ics (ficial = ! ,bank pursuant to     
,e?ics 9 ,gov]nm5t ,act ( #aigh4 ,!     
,*ief ,e?ics ,(fic] %all report to !    
,bo>d4  7#c7 ,duties ,! ,(fice ( ,e?ics 
has jurisdiction ov] all employees &    
contractors (1 & matt]s relat+ to1 !    
,bank4 ,) respect to employees &        
contractors ( ! ,bank1 ! ,(fice ( ,e?ics
 may--  7,a7 recomm5d adm9i/rative      
actions to e/abli% or en=ce /&>ds (     
(ficial conduct2  7,b7 inve/igate alleg$
 violations ( ! ,code ( ,(ficial        
,conduct or ( any applicable rules1     
laws1 or regulations gov]n+ ! p]=mance (
 (ficial duties or ! dis*>ge ( (ficial  
responsibilities2  7,c7 report to       
appropriate ,f$]al or ,/ate au?orities  
sub/antial evid5ce ( a violation ( any  
law applicable to ! p]=mance ( (ficial  
duties t may h be5 disclos$ 9 an ,(fice 
( ,e?ics inve/igation1 subject to       
approval ( ! report by an affirmative   

vote ( a majority ( ! ,bo>d ( ,directors
 ( ! ,bank2 &  7,d7 r5d] advisory       
op9ions reg>d+ ! propriety ( any curr5t 
or propos$ conduct ( employee or        
contractor ( ! ,bank1 & issue g5]al     
guidance on su* matt]s z necess>y4  4   
#ajb4 ,review ( fraud controls ,section 
#ag7;b7 ( ! ,export-,import ,bank       
,reau?orization ,act ( #bjab 7#ab       
,u4,s4,c4 #fce;a-#f7;b77 is am5d$ to    
read z foll[s3  7b7 ,review ( fraud     
controls ,n less frequ5tly ?an e #d     
ye>s1 ! ,comptroll] ,g5]al ( ! ,unit$   
,/ates %all-- 7#a7 review ! adequacy ( !
 design & effectiv5ess ( ! controls us$ 
by ! ,export-,import ,bank ( ! ,unit$   
,/ates to prev5t1 detect1 & inve/igate  
fraudul5t applications = loans &        
gu>antees & ! compliance by ! ,bank ) ! 
controls1 includ+ by audit+ a sample (  
,bank transactions1 &  7#b7 submit to ! 
,committees on ,f9ancial ,s]vices &     
,appropriations ( ! ,h\se (             
,repres5tatives & ! ,committees on      
,bank+1 ,h\s+1 & ,urban ,affairs &      

,appropriations ( ! ,s5ate a writt5     
report reg>d+ ! f9d+s ( ! review &      
provid+ su* recomm5dations ) respect to 
! controls z ! ,comptroll] ,g5]al deems 
appropriate4  4  #ajc4 ,review ( ,bank  
product pric+ & cr$it /&>ds to avoid    
cr[d+ out ( private export f9ance       
,section #h ( ! ,export-,import ,bank   
,act ( #aide 7#ab ,u4,s4,c4 #fce;g7 is  
am5d$ by add+ at ! end ! foll[+3  7k7   
,reports on private export f9anc+ &     
,bank pric+ & cr$it /&>ds  7#a7 ,private
 export f9anc+ ,! ,bo>d ( ,gov]nors ( ! 
,f$]al ,res]ve ,sy/em %all issue a      
semiannual report to ! ,congress on !   
t]ms & conditions 7includ+ int]e/ rates1
 maturities1 & cr$it /&>ds7 t apply 9 ! 
provision ( export f9ance by private    
f9ancial in/itutions4  7#b7 ,bank pric+ 
& cr$it /&>ds ,! ,bank %all issue an    
annual report to ! ,congress on ! /eps  
tak5 by ! ,bank to adju/ ! pric+ (      
products (f]$1 & ! cr$it /&>ds us$1 by !
 ,bank to avoid cr[d+ out private export
 f9ance4  4  #ajd4 ,prohibit$ c\ntries  

,section #h ( ! ,export-,import ,bank   
,act ( #aide 7#ab ,u4,s4,c4 #fce;g71 z  
am5d$ by section #ajc ( ?is ,act1 is    
am5d$ by add+ at ! end ! foll[+3  7l7   
,recomm5dations reg>d+ prohibit$        
c\ntries ,! ,bo>d ( ,directors ( !      
,bank1 9 consultation ) ,congress1 !    
,presid5t1 & ! ,secret>y ( ,/ate1 %all  
develop recomm5dations annually reg>d+ !
 c\ntries ) :om & 9 :i* ! ,bank %\ld n  
be do+ bus9ess1 & ! ,bank %all include !
 recomm5dations 9 its annual report to !
 ,congress "u subsection 7a74  4  #aje4 
,indep5d5t audit by ! ,comptroll] ,g5]al
 ,section #c7;c7 ( ! ,export-,import    
,bank ,act ( #aide 7#ab ,u4,s4,c4       
#fce;a7c77 is am5d$ by r$esignat+       
p>agraph 7#aj7 z p>agraph 7#aa7 & ins]t+
 aft] p>agraph 7#i7 ! foll[+3  7#aj7    
,indep5d5t audit by ! ,comptroll] ,g5]al
  7,a7 ,annual audit ,! ,comptroll]     
,g5]al ( ! ,unit$ ,/ates %all1 be=e !   
end ( ! #a-ye> p]iod beg9n+ on ! date ( 
! enactm5t ( ?is p>agraph & ea* ye>     
!reaft]1 c>ry out an audit ( ! ,bank's  

loan1 gu>antee1 insurance1 & cr$it      
programs4  7,b7 ,report ,at ! completion
 ( ea* audit requir$ "u subp>agraph     
7,a71 ! ,comptroll] ,g5]al %all issue a 
report to ! ,bank & ! ,congress         
conta9+--  7i7 all f9d+s & det]m9ations 
made 9 c>ry+ out ! audit2 &  7ii7 any   
recomm5dations t ! ,comptroll] ,g5]al   
may h--  7,i7 to assi/ ! ,bank 9        
fulfill+ ! acc\nt+ & report+            
responsibilities ( ! ,bank2  7,,ii7 to  
ensure t ! ,bank has adequate           
adm9i/rative & f9ancial controls2 &     
7,,iii7 ) respect to proc$ures = !      
int]nal audit functions (1 & ! use (    
indep5d5t acc\ntants by ! ,bank4  4     
#ajf4 ,employee c]tification & f9ancial 
disclosure ,section #c7;e7 ( !          
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce;a7e77 is am5d$ by add+ at
 ! end ! foll[+3  7#c7 ,e?ics  7,a7     
,code ( e?ics  7i7 ,9 g5]al ,! ,*ief    
,e?ics ,(fic] %all draft a ,code (      
,e?ics t sets out /rict & def9ite /&>ds 
( (ficial conduct = all ,bank directors1

 (fic]s1 & employees1 :i* ,code %all    
include a policy t prohibits conflicts (
 int]e/1 z describ$ 9 p>agraph 7#a7 (   
?is subsection1 & o!r policies1         
prohibitions1 & re/rictions t ! ,*ief   
,e?ics ,(fic] deems appropriate4  7ii7  
,consid]ations ,9 draft+ ! ,code (      
,e?ics1 ! ,*ief ,e?ics ,(fic] %all      
consid] ! ,pr9ciples ( ,e?ical ,conduct 
= ,gov]nm5t ,(fic]s & ,employee set =? 9
 ,executive ,ord] #abgca 7,oct4 #ag1    
#aiij74  7iii7 ,consi/5cy ) ,e?ics 9    
,gov]nm5t ,act ( #aigh ,! ,*ief ,e?ics  
,(fic] %all ensure t ! ,code ( ,e?ics is
 consi/5t ) ! ,e?ics 9 ,gov]nm5t ,act ( 
#aigh & ! regulations promulgat$ "u su* 
,act4  7iv7 ,effectiv5ess2 am5dm5t ,!   
,code ( ,e?ics 7& an am5dm5t to ! ,code7
 %all take effect on approval by !      
,bo>d4 ,! ,code ( ,e?ics may be am5d$   
only on ! recomm5dation ( ! ,*ief ,e?ics
 ,(fic]4  7v7 ,annual employee          
c]tifications ,! ,bo>d1 9 consultation )
 ! ,*ief ,e?ics ,(fic]1 %all implem5t a 
policy t requires all ,bank directors1  

(fic]s1 & employees to c]tify annually t
 !y h read1 und]/&1 & compli$ ) & w     
cont9ue to comply ) ! ,code ( ,e?ics4 ,!
 annual c]tifications %all conta9 a     
/atem5t t notifies ! signatory t section
 #ajja ( title #ah1 ,unit$ ,/ates ,code1
 applies to ! c]tification4  7,b7       
,f9ancial disclosure  7i7 ,9 g5]al ,)9  
#ahj days aft] ! date ( ! enactm5t ( ?is
 p>agraph1 ! ,bo>d1 9 consultation ) !  
,*ief ,e?ics ,(fic]1 %all prep>e a      
f9ancial disclosure =m = ,cov]$         
,individuals1 :i* =m %all--  7,i7       
require in=mation ab\t assets1 income1  
debts1 & any o!r f9ancial in=mation t ! 
,bo>d deems appropriate = ensur+ t a    
,cov]$ ,individual is 9 compliance ) !  
,code ( ,e?ics e/abli%$ "u subp>agraph  
7,a72 &  7,,ii7 be no less ext5sive ?an 
f9ancial reports requir$ to be fil$ "u  
title ,i ( ! ,e?ics 9 ,gov]nm5t ,act (  
#aigh & ! regulations promulgat$ "u su* 
,act4  7ii7 ,f9ancial report+ policy ,! 
,bo>d1 9 consultation ) ! ,*ief ,e?ics  
,(fic]1 %all implem5t a policy t-- 7,i7 

requires ea* ,cov]$ ,individual & !     
sp\se ( ! ,cov]$ ,individual to annually
 complete ! f9ancial disclosure =m &    
submit ! complet$ =m to ! ,g5]al ,c\nsel
 or 8 or h] designee = review2 &  7,,ii7
 all[s any ,cov]$ ,individual :o is     
requir$ to file f9ancial reports "u     
title ,i ( ! ,e?ics 9 ,gov]nm5t ,act (  
#aigh or any o!r ,f$]al law to file !   
f9ancial reports "u su* title or o!r law
 9 lieu ( ! f9ancial disclosure =m      
describ$ 9 ?is subp>agraph1 b ! ,bo>d   
may require ^? :o d s to supplem5t !    
f9ancial report ) all in=mation requir$ 
to be disclos$ "u ?is subp>agraph4      
7iii7 ,cov]$ ,individual def9$ ,9 ?is   
subp>agraph1 ! t]m ,cov]$ ,individual   
means any ,bank director1 (fic]1        
employee1 or contractor ) ! ability to  
affect any ,bank decision relat+ to     
f9anc+1 fund+1 insur+1 or o!rwise       
provid+ back+ to any company or project4
  7iv7 ,availability ( complet$ f9ancial
 disclosure =ms  7,i7 ,9 g5]al ,! ,bank 
%all make complet$ f9ancial disclosure  

=ms available to ! ,(fice ( ,inspector  
,g5]al = ! ,bank4  7,,ii7 ,prohibitions 
,a complet$ f9ancial disclosure =m %all 
n be made available-- 7aa7 to ano!r     
,bank director1 (fic]1 employee1        
attorney1 or ag5t1 except z necess>y to 
ensure compliance ( a ,cov]$ ,individual
 ) ?is subp>agraph1 ! ,code ( ,e?ics1 or
 any applicable law2 or  7bb7 to !      
public4  7,c7 ,rule ( int]pretation     
,no?+ 9 ?is p>agraph %all sup]s$e1      
modify1 *ange1 or o!rwise affect any    
requirem5t1 proc$ure1 or re/riction     
applicable to a ,bank employee1 (fic]1  
or director "u ! ,e?ics 9 ,gov]nm5t ,act
 ( #aigh t applies 9 addition to !      
requirem5ts1 proc$ures1 & re/rictions   
applicable to a ,bank employee1 (fic]1  
or director "u ?is p>agraph4  4  #ajg4  
,/udy ( f9anc+ = in=mation &            
communications te*nology sy/ems  7a7    
,analysis ( ! in=mation & communications
 te*nology indu/ry use ( bank products  
,! ,export-,import ,bank ( ! ,unit$     
,/ates 79 ?is section ref]r$ to z !     

,bank7 %all conduct a /udy ( ! ext5t to 
:i* ! products (f]$ by ! ,bank are      
available & us$ by companies t export   
s]vices & relat$ goods4 ,9 conduct+ !   
/udy1 ! ,bank %all exam9e ! foll[+3     
7#a7 ,! imp$im5ts to ! use ( ,bank      
products by ! companies4  7#b7 ,! numb] 
( jobs 9 ! ,unit$ ,/ates t are support$ 
by ! export ( goods & s]vices1 & !      
degree to :i* access to f9anc+ w        
increase exports4  7#c7 ,! r$uction 9 ! 
f9anc+ by ! ,bank ( in=mation &         
communications te*nology 79 ?is section 
ref]r$ to z ,,ict7 s]vices f #bjjc ?r\gh
 #bjac4  7#d7 ,! imp$im5ts pos$ by local
 cont5t requirem5ts to ,,ict companies t
 seek to use a ,bank product4  7#e7 ,!  
activities ( =eign export cr$it ag5cies 
to facilitate ! export ( ,,ict goods &  
s]vices4  7#f7 ,specific proposals = h[ 
! ,bank1 us+ its au?ority & products1   
c\ld provide additional f9anc+ = ,,ict  
goods & s]vices1 includ+ ?r\gh risk-%>+ 
) o!r export cr$it ag5cies & o!r ?ird   
p>ties4  7#g7 ,ways 9 :i* ! ,bank c take

 into acc\nt ! full global ,,ict goods &
 s]vices supply *a9--9 p>ticul>1 !      
ultimate manufactur] or provid] ( !     
f9i%$ goods or s]vices t w\ld result f !
 supply *a9--9 mak+ cr$it & risk        
det]m9ations & ! cr$itwor?9ess ( !      
ultimate pur*as]4  7#h7 ,proposals = new
 products ! ,bank c\ld (f] to provide ! 
f9anc+1 includ+-- 7,a7 ! ext5t to :i* ! 
,bank is au?oriz$ to (f] new products2  
7,b7 ! ext5t to :i* ! ,bank w\ld ne$    
additional au?ority to (f] ! new        
products to meet ! ne$s ( ! ,,ict       
indu/ry2  7,c7 specific proposals =     
*anges 9 law t w\ld enable ! ,bank to   
provide increas$ f9anc+ = ,,ict goods & 
s]vices 9 compliance ) ! cr$it & risk   
/&>ds ( ! ,bank2  7,d7 specific         
proposals t w\ld enable ! ,bank to      
provide increas$ outrea* to ! ,,ict     
indu/ry ab\t ! products ! ,bank (f]s2 & 
7,e7 specific proposals = *anges 9 law t
 w\ld enable ! ,bank to provide ! f9anc+
 to build ,,ict infra/ructure 9         
compliance ) ! cr$it & risk /&>ds ( !   

,bank s z to all[ = m>ket access        
opportunities = ,unit$ ,/ates ,,ict     
companies to op]ate s]vices on !        
infra/ructure be+ f9anc$ on receipt (   
funds f ! ,bank4  7b7 ,report ,)9 #ahj  
days aft] ! date ( ! enactm5t ( ?is     
,act1 ! ,bank %all submit to ! ,congress
 a report t conta9s ! results ( ! /udy  
requir$ by subsection 7a74  #ajh4       
,electronic paym5ts & docum5ts ,section 
#b7;b77#a77;,e7 ( ! ,export-,import     
,bank ,act ( #aide 7#ab ,u4,s4,c4       
#fce7;b77#a77;,e77 is am5d$ by add+ at !
 end ! foll[+3  7xi7 ,electronic        
docum5ts ,n lat] ?an ! end ( ! #b-ye>   
p]iod beg9n+ on ! date ( ! enactm5t (   
?is clause1 ! ,bank %all implem5t       
policies to accept electronic docum5ts  
:5ev] possible1 includ+ copies ( bills (
 lad+1 c]tifications1 & compliance      
docum5ts4  7xii7 ,electronic paym5ts ,n 
lat] ?an ! end ( ! #b-ye> p]iod beg9n+  
on ! date ( ! enactm5t ( ?is clause1 !  
,bank %all implem5t policies to accept  
electronic paym5ts 9 all ( its programs4

  4  #aji4 ,p>allel ,,gaap report+      
,section #h ( ! ,export-,import ,bank   
,act ( #aide 7#ab ,u4,s4,c4 #fce;g71 z  
am5d$ by sections #ajc & #ajd ( ?is     
,act1 is am5d$ by add+ at ! end !       
foll[+3  7m7 ,p>allel ,,gaap report+ ,) 
any report issu$ by ! ,bank to !        
,congress or any committee ( ! ,congress
 t conta9s acc\nt+ in=mation t is n     
prep>$ us+ g5]ally accept$ acc\nt+      
pr9ciples1 ! ,bank %all issue a #bnd    
report provid+ ! same acc\nt+ in=mation 
prep>$ us+ g5]ally accept$ acc\nt+      
pr9ciples4  4  #aaj4 ,mak+ ! ,bank !    
l5d] ( la/ resort = loans1 attempt+     
private f9anc+ fir/ ,section #b ( !     
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce7 is am5d$ by add+ at !   
end ! foll[+3  7k7 ,applicants = ,bank  
assi/ance requir$ ,to demon/rate        
inability ,to obta9 cr$it else:]e ,!    
,bank %all n gu>antee1 insure1 or ext5d 
cr$it1 or p>ticipate 9 an ext5sion (    
cr$it 9 connection ) a transaction1 to a
 privately own$ =eign applicant1 o!r ?an

 a f9ancial in/itution1 unless !        
applicant demon/rates to ! ,bank t--    
7#a7 ! applicant has s\ght1 & has be5   
unable to obta91 competitive f9anc+ = ! 
transaction )\t any support f ! ,ov]seas
 ,private ,inve/m5t ,corporation or !   
,small ,bus9ess ,adm9i/ration2 or  7#b7 
f9anc+ f a =eign export cr$it ag5cy is  
available to ! applicant to support     
comp>able =eign goods & s]vices compet+ 
) ! ,unit$ ,/ates exports t w\ld be     
f9anc$ by ! ,bank ?r\gh ! application4  
4  #aaa4 ,audit committee ,section      
#c7;c7 ( ! ,export-,import ,bank ,act ( 
#aide 7#ab ,u4,s4,c4 #fce;a7c771 z am5d$
 by section #aje ( ?is ,act1 is am5d$ by
 r$esignat+ p>agraph 7#aj7 z p>agraph   
7#aa7 & ins]t+ aft] p>agraph 7#i7 !     
foll[+3  7#aj7 ,audit committee  7,a7   
,memb]%ip  7i7 ,9 g5]al ,9 addition to  
su* o!r duties z !y may be appo9t$ to   
p]=m "u subp>agraph 7#e71 ! directors :o
 are nei!r ,*airman nor ,vice ,*airman (
 ! ,bo>d %all con/itute ! ,audit        
,committee ( ! ,bo>d4  7ii7 ,special    

rule ,if t !re is only #a director :o is
 nei!r ,*airman nor ,vice ,*airman ( !  
,bo>d1 ! ,*ief ,risk ,(fic] ( ! ,bank   
%all be a tempor>y memb] ( ! ,audit     
,committee until a #bnd ,bank director  
:o is nei!r ,*airman nor ,vice ,*airman 
( ! ,bo>d is appo9t$ to ! ,bo>d4  7,b7  
,duties  7i7 ,)9 #a ye> aft] ! date ( ! 
enactm5t ( ?is p>agraph1 ! ,audit       
,committee %all develop & implem5t a    
program to audit1 on a regul> & r\t9e   
basis1 ! loan1 gu>antee1 insurance1 &   
cr$it programs ( ! ,bank4  7ii7 ,!      
,audit ,committee %all-- 7,i7 provide   
assi/ance to ! ,bo>d 9 fulfill+ !       
acc\nt+ & report+ responsibilities ( !  
,bo>d2  7,,ii7 evaluate :e!r ! ,bank has
 adequate adm9i/rative & f9ancial       
controls2  7,,iii7 review ! f9ancial    
/atem5ts prep>$ by managem5t =          
di/ribution to ! ,congress & ! public2 &
  7,,iv7 provide direction ov] ! int]nal
 audit function & ! indep5d5t acc\ntants
 ( ! ,bank4  7,c7 ,reports ,! ,audit    
,committee %all report to ! ,bo>d       

regul>ly on its activities b may act    
indep5d5tly ( ! ,*airman & ,vice        
,*airman4  7,d7 ,proc$ural rules  7i7   
,quorum #b memb]s %all con/itute a      
quorum ( ! ,audit ,committee4  7ii7     
,action only by majority vote ,! ,audit 
,committee may act only by majority     
vote4  4  #aab4 ,report on privatiz+ !  
,bank ,)9 #bgj days aft] ! date ( !     
enactm5t ( ?is ,act1 ! ,presid5t1 9     
consultation ) ! ,advisory ,committee ( 
! ,bank1 ! ,comptroll] ( ! ,curr5cy1 & !
 ,gov]nors ( ! ,f$]al ,res]ve ,bo>d1    
%all submit to ! ,committees on         
,appropriations & ,f9ancial ,s]vices ( !
 ,h\se ( ,repres5tatives & ! ,committees
 on ,appropriations & ,bank+1 ,h\s+1 &  
,urban ,affairs ( ! ,s5ate a report on !
 programs ( ! ,bank t may be fully or   
p>tially privatiz$1 :i* report %all--   
7#a7 consid]1 b n be limit$ to1 !       
e/abli%m5t ( a public-private p>tn]%ip  
to create a m>ket w9d[1 z all[$ "u      
,section #ae ( ! ,export-,import ,bank  
,act ( #aide1 to compete aga9/ simil>   

=eign-support$ m>ket w9d[s to maximize  
private-sector p>ticipation2  7#b7      
include an evaluation ( :e!r !          
adm9i/ration ( ! insurance &            
work+-capital programs ( ! ,bank c\ld be
 p>tially or completely privatiz$2 &    
7#c7 include an analysis ( ! curr5t     
regulatory re/rictions relat$ to        
capital-allocation requirem5ts =        
pre-export work+ capital & cross-bord]  
l5d+ 9 am\nts exce$+ #be1jjj1jjj4  #aac4
 ,indep5d5t audit ( bank portfolio  7a7 
,audit ,! ,inspector ,g5]al ( !         
,export-,import ,bank ( ! ,unit$ ,/ates 
%all conduct an audit ( ! portfolio risk
 managem5t proc$ures ( ! ,bank1 includ+ 
a review ( ! implem5tation by ! ,bank ( 
! duties assign$ to ! ,*ief ,risk ,(fic]
 "u ! ,export-,import ,bank ,act (      
#aide4  7b7 ,report ,n lat] ?an #a ye>  
aft] ! appo9tm5t ( ! ,*ief ,risk ,(fic] 
( ! ,export-,import ,bank ( ! ,unit$    
,sates1 ! ,inspector ,g5]al %all submit 
to ! ,committee on ,f9ancial ,s]vices ( 
! ,h\se ( ,repres5tatives & ! ,committee

 on ,bank+1 ,h\s+1 & ,urban ,affairs ( !
 ,s5ate a writt5 report conta9+ all     
f9d+s & det]m9ations made 9 c>ry+ out   
subsection 7a74  ,,ii ,improv+ !        
,acc\ntability ( ! ,export-,import ,bank
 ( ! ,unit$ ,/ates  #bja4 ,e>n+s        
ret5tion ,section #b7;a77#a7 ( !        
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce7;a77#a77 is am5d$ by     
/rik+ ,net e>n+s ( ! ,bank aft]         
reasonable provision = possible losses  
%all be us$ = paym5t ( divid5ds on      
capital /ock4 & ins]t+ ,! ,bank %all    
reta9 n less ?an #cj p]c5t ( total net  
e>n+s z a provision = possible losses4  
,not)/&+ ! previ\s s5t5ce1 dur+ any     
p]iod :5 ! aggregate ( su* reta9$ e>n+s 
is less ?an #aj p]c5t ( ! applicable    
am\nt 7z def9$ "u section #f7;a77#b771 !
 ,bank %all reta9 n less ?an #hj p]c5t (
 total net e>n+ z a provision = possible
 losses4 ,net e>n+s t are n reta9$ z a  
provision = possible losses %all be us$ 
= paym5t ( divid5ds on capital /ock44   
#bjb4 ,(fice ( ! ,presid5t & t]m limits 

,section #c ( ! ,export-,import ,bank   
,act ( #aide 7#ab ,u4,s4,c4 #fce;a7 is  
am5d$-- 7#a7 9 subsection 7b71 by ins]t+
 :o %all be *os5 f among ^? individuals 
) at lea/ #ae ye>s ( bank+ exp]i5ce1    
be=e & :o %all s]ve z *ief executive2 & 
7#b7 9 subsection 7c77#h77;,a7-- 7,a7 9 
clause 7iii71 by /rik+ & at ! end2  7,b7
 9 clause 7iv71 by /rik+ ! p]iod at !   
end & ins]t+ 2 &2 &  7,c7 by add+ at !  
end ! foll[+3  7v7 no p]son may s]ve z !
 ,presid5t ( ! ,bank = m ?an #b t]ms4  4
  #bjc4 ,repaym5t z priority ,section   
#b7;b77#a7 ( ! ,export-,import ,bank    
,act ( #aide 7#ab ,u4,s4,c4             
#fce7;b77#a77 is am5d$--  7#a7 9        
subp>agraph 7,b71 by /rik+ 1 t loans1 s 
f> z possible consi/5t ) ! c>ry+ out ( !
 purposes ( subsection 7a7 ( ?is        
section1 %all g5]ally be = specific     
purposes1 &1 9 ! judgm5t ( ! ,bo>d (    
,directors1 (f] reasonable assurance (  
repaym5t2 &  7#b7 by /rik+ subp>agraph  
7,c7 & ins]t+ ! foll[+3  7,c7 ,! ,bank  
%all conduct all programs ( ! ,bank 9 a 

mann] t1 9 ! judgm5t ( ! ,bo>d (        
,directors1 (f]s reasonable assurance ( 
repaym5t & m9imizes risk ( loss4 ,loans 
made by ! ,bank %all be = specific      
purposes4  4  #bjd4 ,negotiations to end
 export cr$it f9anc+ ,section #aa ( !   
,export-,import ,bank ,reau?orization   
,act ( #bjab 7#ab ,u4,s4,c4 #fce;i-#e7  
is am5d$-- 7#a7 9 subsection 7a7--  7,a7
 by /rik+ ,secret>y ( ! ,treasury 79 ?is
 section ref]r$ to z ! ,secret>y7 &     
ins]t+ ,presid5t2 &  7,b7 9 p>agraph    
7#a71 by /rik+ goal ( elim9at+ & ins]t+ 
possible goal ( elim9at+1 be=e ! end ( !
 #aj-ye> p]iod beg9n+ on ! date ( !     
enactm5t ( ! ,re=m ,exports & ,exp& !   
,am]ican ,economy ,act12  7#b7 9        
subsection 7b71 by /rik+ ,secret>y ea*  
place su* t]m appe>s & ins]t+ ,presid5t2
 &  7#c7 by add+ at ! end ! foll[+3  7c7
 ,report on /rategy ,n lat] ?an ! end ( 
! #ahj-;day p]iod beg9n+ on ! date ( !  
enactm5t ( ?is subsection1 ! ,presid5t  
%all submit to ! ,congress a proposal1  
toge!r ) a /rategy = a*iev+ ! proposal1 

t ! ,unit$ ,/ates ,gov]nm5t w pursue )  
o!r major export+ c\ntries1 includ+     
memb]s ( ! ,organisation = ,economic    
,co-op]ation & ,developm5t 7,,oecd7 &   
non-memb]s ( ! ,,oecd1 to elim9ate ov] a
 p]iod ( n m ?an #aj ye>s subsidiz$     
export-f9anc+ programs1 ti$ aid1 export 
cr$its1 & all o!r =ms (                 
gov]nm5t-support$ export subsidies4  7d7
 ,negotiations ) non-,,oecd c\ntries ,! 
,presid5t %all initiate & pursue        
negotiations ) c\ntries t are n memb]s (
 ! ,organisation = ,economic            
,co-op]ation & ,developm5t 7,,oecd71 to 
br+ ! non-memb]s into a multilat]al     
agreem5t e/abli%+ rules & limitations on
 (ficially support$ export cr$its4  7e7 
,annual reports on progress (           
negotiations ,n lat] ?an #ahj days aft] 
! date ( ! enactm5t ( ?is subsection1 & 
annually !reaft] ?r\gh cal5d> ye> #bjai1
 ! ,secret>y %all submit to ! ,committee
 on ,bank+1 ,h\s+1 & ,urban ,affairs ( !
 ,s5ate & ! ,committee on ,f9ancial     
,s]vices ( ! ,h\se ( ,repres5tatives a  

report on ! progress ( any negotiations 
describ$ 9 subsection 7d74  4  #bje4    
,limitations on out/&+ loans1 gu>antees1
 & insurance ,section #f7;a77#b7 ( !    
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce;e7a77#b77 is am5d$ to    
read z foll[s3  7#b7 ,applicable am\nt  
,9 p>agraph 7#a71 ! t]m applicable am\nt
 means #acj1jjj1jjj1jjj4  4  #bjf4      
,cr$it risk ,section #b7;b77#a77;,a7 ( !
 ,export-,import ,bank ,act ( #aide 7#ab
 ,u4,s4,c4 #fce7;b77#a77;,a77 is am5d$  
by ins]t+ aft] 7z def9$ 9 section       
#aj7;h77#c77 ! foll[+3 1 provid$ t ?is  
objective is accompli%$ 9 a mann]       
calculat$ to m9imize f9ancial risk to ! 
,bank4  #bjg4 ,*ief ,risk ,(fic]        
,section #c ( ! ,export-,import ,bank   
,act ( #aide 7#ab ,u4,s4,c4 #fce;a71 z  
am5d$ by section #aja ( ?is ,act1 is    
am5d$ by add+ at ! end ! foll[+3  7l7   
,*ief ,risk ,(fic]  7#a7 ,9 g5]al       
,subject to ! approval ( ! ,bo>d (      
,directors ( ! ,bank1 ! ,presid5t ( !   
,bank %all appo9t a ,*ief ,risk ,(fic]1 

f among individuals ) exp]i5ce at a     
s5ior level 9 f9ancial risk managem5t1  
:o--  7,a7 %all rank n l[] ?an s5ior    
vice presid5t2  7,b7 %all h z ! (fic]'s 
sole function to s]ve z *ief risk (fic] 
( ! ,bank2  7,c7 %all report directly to
 ! ,bo>d2 &  7,d7 %all be removable only
 by ! ,bo>d4  7#b7 ,duties ,! ,*ief     
,risk ,(fic] %all1 9 coord9ation ) !    
,audit ,committee ( ! ,bo>d (           
,directors1 develop1 implem5t1 & manage 
a compreh5sive process = id5tify+1      
assess+1 monitor+1 & r$uc+ bus9ess risks
 to ! ,bank's ov]all portfolio t may    
int]f]e ) ! ability ( ! ,bank to fulfill
 its purposes1 b may n ex]cise any      
au?ority ov] ! op]ations ( ! ,bank4  4  
#bjh4 ,p>ticipation & risk-%>+ by       
private sector l5d]s & export]s ,section
 #b ( ! ,export-,import ,bank ,act (    
#aide 7#ab ,u4,s4,c4 #fce71 z am5d$ by  
section #aaj ( ?is ,act1 is am5d$ by    
add+ at ! end ! foll[+3  7l7            
,p>ticipation & risk-,%>+ by private    
sector l5d]s & export]s  7#a7 ,! ,bank  

%all develop & implem5t policies 79     
coord9ation & 9 consultation ) private  
sector /akehold]s7 t inc5tivize         
transactions 9 :i* ?ird p>ties %>e risks
 ( loss ) ! ,bank4 ,9 ! policies1 !     
,bank %all--  7,a7 all[ ! ret5tion (    
risk to be borne ei!r by a l5d] or an   
export]2  7,b7 n require a l5d] to reta9
 additional risk beyond ! risk reta9$ by
 an export]2  7,c7 %>e fees ) ! risk-%>+
 p>ty equal to ! risk reta9$1 b n %>e ! 
int]e/ e>n$ on a direct loan portion ( a
 transaction2 &  7,d7 ensure t any      
adm9i/rative burd5s = ?ird p>ties are   
calculat$ to promote p>ticipation by    
?ird p>ties 9 ! risk-%>+ programs ( !   
,bank4  7#b7 ,! policies ( ! ,bank to   
enc\rage risk-%>+ %all give additional  
au?ority to a ?ird p>ty t reta9s risk ( 
loss ( great] ?an #ej p]c5t ( a         
transaction4  7#c7 ,! ,bank may gu>antee
 a capital m>kets pur*ase ( n m ?an #ej 
p]c5t ( an export portfolio by a captive
 f9ance company or affiliate to enc\rage
 expansion ( equipm5t exports f ! ,unit$

 ,/ates4  4  #bji4 ,reau?orization (    
in=mation te*nology updat+ ,section     
#c7;j7 ( ! ,export-,import ,act ( #aide 
7#ab ,u4,s4,c4 #fce;a7j77 is am5d$--    
7#a7 9 ! subsection head+1 by /rik+ bank
 surplus & ins]t+ adm9i/rative funds2   
7#b7 9 p>agraph 7#a71 by /rik+ ,subject 
to p>agraphs 7#c7 & 7#d71 ! ,bank may   
use an am\nt equal to #a4be p]c5t ( !   
surplus ( ! ,bank dur+ fiscal ye>s      
#bjab1 #bjac1 & #bjad to & ins]t+       
,subject to p>agraphs 7#b7 & 7#c71 !    
,bank may use am\nts1 includ+ fees1 made
 available to ! ,bank = adm9i/rative    
exp5se = sy/ems infra/ructure1 to2  7#c7
 by /rik+ p>agraph 7#b7 & r$esignat+    
p>agraphs 7#c7 & 7#d7 z p>agraphs 7#b7 &
 7#c71 respectively2 &  7#d7 9 p>agraph 
7#b7 7z s r$esignat$71 by /rik+ #bjab1  
#bjac1 & #bjad & ins]t+ #bjae ?r\gh     
#bjai4  ,,iii ,job ,gr[?  #cja4         
,ext5sion ( au?ority ,section #g ( !    
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce;f7 is am5d$ by /rik+     
#bjad & ins]t+ #bjai4  #cjb4 ,dual use  

exports ,section #a7;c7 ( ,public ,law  
#ajc-dbh 7#ab ,u4,s4,c4 #fce note7 is   
am5d$ by /rik+ #bjad & ins]t+ #bjai4    
#cjc4 ,small bus9ess & m$ium-siz$       
ent]prises reports  7a7 ,9 g5]al ,!     
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce et seq47 is am5d$ by     
ins]t+ aft] section #h;,a ! foll[+3     
#h;,b4 ,small bus9ess conc]ns &         
m$ium-siz$ ent]prises reports  7a7 ,/udy
 ,n lat] ?an #ahj days aft] ! date ( !  
enactm5t ( ?is section1 & annually      
!reaft]1 ! ,bank %all--  7#a7 c>ry out a
 /udy on ! programs1 products1 &        
policies ( ! ,bank t support exports f  
small bus9ess conc]ns & m$ium-siz$      
ent]prises 9 ! ,unit$ ,/ates1 includ+ ! 
programs1 products1 & polices ) respect 
to ! implem5tation ( ! export cr$it     
insurance program1 delegat$ l5d+        
au?ority1 & direct loans ( ! ,bank2 &   
7#b7 det]m9e ! ext5t to :i* ! policies  
adequately meet ! ne$s ( small bus9ess  
conc]ns & m$ium-siz$ ent]prises 9 obta9+
 ,bank f9anc+ to support ! ma9t5ance or 

creation ( jobs 9 ! ,unit$ ,/ates ?r\gh 
exports1 consi/5t ) ! requirem5t t !    
,bank obta9 a reasonable assurance (    
repaym5t4  7b7 ,report ,on ! completion 
( ea* /udy requir$ "u subsection 7a71 ! 
,bank %all issue a report to ! ,congress
 conta9+--  7#a7 all f9d+s &            
det]m9ations made by ! ,bank 9 c>ry+ out
 ! /udy2  7#b7 an analysis ( ! ext5t to 
:i* small bus9ess conc]ns & m$ium-siz$  
ent]prises supply export]s ) goods &    
s]vices1 ! cont5t ( :i* is includ$ 9    
exports support$ by a ,bank program2 &  
7#c7 recomm5dations to enhance ! support
 ! ,bank may provide small bus9ess      
conc]ns & m$ium-siz$ ent]prises4  7c7   
,small bus9ess conc]n def9$ ,9 ?is      
section1 ! t]m small bus9ess conc]n has 
! mean+ giv5 ! t]m "u section #c7;a7 ( !
 ,small ,bus9ess ,act4  4  7b7 ,report  
on ,bank support = small- & m$ium-,siz$ 
companies ?r\gh supply *a9s ,section #h 
( su* ,act 7#ab ,u4,s4,c4 #fce;g71 z    
am5d$ by sections #ajc1 #ajd1 & #aji (  
?is ,act1 is am5d$ by add+ at ! end !   

foll[+3  7n7 ,bank support = small- &   
m$ium-,siz$ companies ?r\gh supply *a9s 
,! ,bank %all include 9 its annual      
report to ! ,congress "u subsection 7a7 
an analysis ( h[1 & to :at ext5t1 !     
,bank provides indirect support to      
small- & m$ium-siz$ companies ?r\gh !   
supply *a9s ( m$ium-siz$ & l>ge         
companies to :i* ! ,bank has provid$    
support4  4  #cjd4 ,m$ium-siz$          
ent]prises ,section #b7;b77#a77;,f7 ( ! 
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce7;b77#a77;,f77 is am5d$ to
 read z foll[s3  7,f7 ,fair consid]ation
 = m$ium-,siz$ ent]prises ,9 addition to
 ! programs ( ! ,bank to enc\rage !     
p>ticipation ( small bus9esses 9        
int]national comm]ce1 ! policies ( !    
,bank %all give fair consid]ation to    
mak+ loans & provid+ gu>antees = !      
export ( goods & s]vices by m$ium-siz$  
ent]prises4  4  #cje4 ,ext5sion (       
susp5sion ( supplem5tal guidel9es = high
 c>bon int5sity projects ,not)/&+       
section #gjha ( division ,k ( !         

,consolidat$ ,appropriations ,act1      
#bjad1 p>agraph 7#d7 ( su* section %all 
apply ?r\gh ,septemb] #cj1 #bjai1 )     
respect to ! ,supplem5tal ,guidel9es =  
,high ,c>bon ,int5sity ,projects1       
approv$ by ! ,export-,import ,bank ( !  
,unit$ ,/ates on ,decemb] #ab1 #bjac4   
#cjf4 ,updat$ def9ition ( loan t]ms     
,section #b7;a77#b77;,a7 ( !            
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce7;a77#b77;,a77 is am5d$-- 
7#a7 9 clause 7i71 by /rik+ & at ! end2 
&  7#b7 by add+ at ! end ! foll[+3      
7iii7 ) pr9cipal am\nts ( n m ?an       
#be1jjj1jjj2 &  4  #cjg4 ,updat$ loan   
am\nts ,section #b7;d77#b7 ( !          
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce7;d77#b77 is am5d$ by     
/rik+ #aj1jjj1jjj & ins]t+ #be1jjj1jjj4 
#cjh4 ,updat$ environm5tal effects      
consid]ation ,section #aa7;a77#a77;,a7 (
 ! ,export-,import ,bank ,act ( #aide   
7#ab ,u4,s4,c4 #fce;i-#e7;a77#a77;,a77  
is am5d$ by /rik+ #aj1jjj1jjj & ins]t+  
#be1jjj1jjj4  #cji4 ,updat$ export      

am\nts ,section #c7;g77#c7 ( !          
,export-,import ,bank ,act ( #aide 7#ab 
,u4,s4,c4 #fce;a7g77#c77 is am5d$ by    
/rik+ #aj1jjj1jjj & ins]t+ #be1jjj1jjj4 
#caj4 ,inflation adju/m5t ,section #ab (
 ! ,export-,import ,bank ,act ( #aide   
7#ab ,u4,s4,c4 #fce;i-#f7 is am5d$ to   
read z foll[s3  #ab4 ,inflation adju/m5t
 ,beg9n+ on ! date on :i* ! ,bureau (   
,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor 
fir/ publi%es ! ,consum] ,price ,index  
aft] ! date t is #a ye> aft] ! date ( ! 
enactm5t ( ?is section1 & annually      
!reaft]1 ! ,bank %all adju/ all doll>   
am\nts specifi$ 9 ?is ,act by ! p]c5tage
 *ange 9 ! ,consum] ,price ,index       
publi%$ on t date f ! ,consum] ,price   
,index publi%$ ! previ\s ye>4  4